Advanced Micro Devices (AMD) FY2012 results: revenue $5.4 billion, down 17.4% on the year
Advanced Micro Devices Inc. (AMD) reported revenue of $5.4 billion for fiscal 2012, the year ended 29 December 2012, down 17.4% on the year before. Net income was -$1.2 billion, and diluted earnings per share $-1.60. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2013.
Revenue
$5.4 billion
-17.4% on the year
FY2008FY2012
Operating margin
-19.5%
5.6% a year earlier
FY2008FY2012
Net income
-$1.2 billion
FY2008FY2012
Diluted EPS
-$1.60
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
5,422
6,568
6,494
-17.4%
Cost of revenue
4,187
3,628
3,533
+15.4%
Gross profit
1,235
2,940
2,961
-58.0%
Gross margin
22.8%
44.8%
45.6%
Research and development
1,354
1,453
1,405
-6.8%
Selling, general and administrative
823
992
934
-17.0%
Operating income
-1,056
368
848
Operating margin
-19.5%
5.6%
13.1%
Interest expense
175
180
199
-2.8%
Pre-tax income
-1,217
491
509
Income tax
-34.0
-4.0
38.0
Effective tax rate
n/a
-0.8%
7.5%
Net income
-1,183
491
471
Net margin
-21.8%
7.5%
7.3%
Diluted EPS
-$1.60
$0.66
$0.64
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
-338
382
-412
Capital expenditure
133
250
148
-46.8%
Free cash flow
-471
132
-560
Free cash flow margin
-8.7%
2.0%
-8.6%
Cash from investing
-19.0
-113
-1,123
Cash from financing
37.0
-6.0
484
Depreciation and amortisation
260
317
383
-18.0%
Share-based compensation
97.0
90.0
87.0
+7.8%
Diluted shares, weighted
741m
742m
733m
-0.1%
Shares outstanding at period end
713m
698m
683m
+2.1%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
538
1,590
1,013
-66.2%
Non-controlling interest
n/a
0.0
n/a
Debt
2,019
2,065
2,421
-2.2%
Other liabilities
1,443
1,299
1,530
+11.1%
Total liabilities and equity
4,000
4,954
4,964
-19.3%
Fixed assets
658
726
700
-9.4%
Goodwill
553
323
323
+71.2%
Intangible assets
96.0
8.0
37.0
+1,100.0%
Investments
634
1,045
1,183
-39.3%
Cash and equivalents
549
869
606
-36.8%
Receivables
630
919
968
-31.4%
Inventory
562
476
632
+18.1%
Other assets
318
588
515
-45.9%
Total assets
4,000
4,954
4,964
-19.3%
10-K for the year ended 29 December 2012, filed 21 February 2013: the filing.